RELEASE:

PARC and the Malaysia Digital Economy Corporation (MDEC) Launch Silicon Valley Innovation Program Designed for Malaysian Digital Companies Wanting to Accelerate Open Innovation

3 November 2016

Palo Alto, CA -- PARC, a Xerox company, and the Malaysia Digital Economy Corporation (MDEC), through its United States entity MDeC Americas Inc, today announced a new program to offer innovation training, certification and deep dives for Malaysian organizations seeking Silicon Valley-style innovative practices. The joint Silicon Valley Innovation Program (SVIP) is an open innovation program for Malaysian digital companies to accelerate the adoption of innovation practices and launch breakthrough technologies, while catalyzing Malaysia’s transition to a fully developed digital economy.

“MDEC is committed to facilitating the growth of innovative companies bringing digital solutions to market based on technologies such as big data analytics, data centre and cloud, e-commerce and Internet of Things, among many others,” said Dan E. Khoo, President, MDeC Americas, Inc. “From its deep technologically oriented workforce and digitally savvy consumer and business markets, to its advanced broadband and mobile infrastructure, the Malaysian tech ecosystem is poised to take advantage of learning from and deploying Silicon Valley insights and innovation. Working with PARC adds a level of expertise and experience that gives our diverse community the ability to disrupt various industries in our region and the global markets in which they operate.”

SVIP is a multi-tiered innovation and technology development program, giving Malaysian companies the needed insights to accelerate the adoption of Silicon Valley innovation practices. The joint program offers a range of services, from focused innovation training workshops to full innovation journeys designed to solve an organization’s existing business problems while embedding best practices throughout the organization.

“The digital transformation is well under way around the world and it’s touching many industries in profound ways,” said PARC CEO Stephen Hoover. “Existing organizations don’t want to be left behind by massive technology disruption taking place now. Of course, businesses are looking to meet the needs of customers who are becoming more digitally demanding and have digital expectations. We look forward to working with MDEC to help Malaysian companies innovate and offer breakthrough products and services to serve customers in new ways.”

The SVIP gives Malaysian companies a window into PARC’s approach to innovation and the design process, and offers a deep understanding of how the innovation process works within an organization, ultimately helping to offer new products and services to customers. The collaboration offers Malaysian companies the benefit of MDEC’s ecosystem and local political and cultural experience in enabling a network for collaboration and inspiration, and developing compelling content. PARC offers its deep expertise in key technology research areas, IP, and strategic innovation processes, taking advantage of PARC’s research scientists and executives.

PARC’s User Experience researchers help clients discover end user needs in order to ensure technology solutions are designed to meet them. PARC helps organizations reduce go-to-market risk by validating critical unknowns at early stages of technology exploration. The innovation center’s multidisciplinary approach offers a broad approach, yet, it has deep expertise in technology areas including machine learning, data analytics, computer vision, deep learning, printed electronics, artificial intelligence, and more, as well as understanding vertical markets including healthcare, transportation, IoT, smart cities, etc. PARC has built its innovation best practices capability in training and consulting, offering clients a way to get started.

About PARCPARC, a Xerox company, is in the Business of Breakthroughs®. Practicing open innovation, we provide custom R&D services, technology, expertise, best practices, and intellectual property to Fortune 500 and Global 1000 companies, startups, and government agencies and partners. We create new business options, accelerate time to market, augment internal capabilities, and reduce risk for our clients. Since its inception, PARC has pioneered many technology platforms – from the Ethernet and laser printing to the GUI and ubiquitous computing – and has enabled the creation of many industries. Incorporated as an independent, wholly owned subsidiary of Xerox in 2002, PARC today continues the research that enables breakthroughs for our clients' businesses. To learn more about PARC, visit www.parc.com or contact engage@parc.com.

About Malaysia Digital Economy Corporation (MDEC) and MDeC AmericasMDeC Americas, Inc., based in Palo Alto, California, is the entity under the Malaysia Digital Economy Corporation Sdn. Bhd. or MDEC, tasked with spearheading MDEC’s presence in the Americas. An agency under the Ministry of Communications and Multimedia Malaysia, MDEC has been entrusted to develop, coordinate, and promote Malaysia’s digital economy, information and communications technology (ICT) industry, and the adoption of digital technology amongst Malaysians. Incorporated on 5th June 1996, MDEC was officially established to strategically advise the Malaysian Government on legislation, policies and standards for ICT and multimedia operations. Additionally, MDEC is also entrusted to oversee the development and nurture the growth of local tech companies whilst attracting foreign direct investments (FDIs) and domestic direct investments (DDIs) from global multinational companies to invest and develop cutting-edge digital and creative solutions in Malaysia. In 2011, MDEC’s mandate was broadened to drive Malaysia’s transition towards a developed digital economy, built upon a vibrant domestic tech industry, transformative adoption of digital solutions by government, businesses and citizens, as well as a robust enabling ecosystem. For more information about MDEC, please visit www.mdec.my. For more information about MDEC Americas please visit www.mdecamericas.com